Saturday, July 22, 2017

Give the Gift of a Roth IRA for the Holidays

Source: Carla Fried, consumerreports.org Give the Gift of a Roth IRA for the Holidays Rather than giving a child or grandchild a gift card this holiday season, you might want to consider a gift that keeps on giving for decades. “Helping a...

Fed to hike interest rates next week while ignoring the elephant in the room

Source: Greg Robb via marketwatch.com Yellen likely won’t comment on how a Trump presidency changes her outlook Getty Images Federal Reserve Bank Chairwoman Janet Yellen will hold a news conference next WednesdayThe Federal Reserve is going to raise interest rates next week,...

69% of Americans Have Less Than $1,000 in Savings

Source: Cameron Huddleston via Go Banking Rates 69% of Americans Have Less Than $1,000 in Savings. Saving money is still a struggle for many Americans, finds a new survey. Kaspars Grinvalds / Shutterstock.com Americans are falling short when it comes saving money...

Expert: US Recession On The Horizon

ALBERT EDWARDS: A 'tidal wave' is coming that will throw the US into recession Source - Bob Bryan of Business Insider A tidal wave is coming to the US economy, according to Albert Edwards, and when it crashes it's going to throw...

3.5 million Puerto Ricans in the dark for second day

Source: Tyler Durden via Zero Hedge The 3.5 million people of Puerto Rico are entering their second day with no power after a substation fire knocked out service to the entire island.   The power outage has left schools scrambling...

Bitcoin is now worth more than an ounce of gold for the first time...

Source: Joseph Adinolfi via marketwatch.com The digital currency continues to trade at all-time highs Bitcoin has risen more than 25% this year to trade on Thursday at an all-time high north of $1,250. One unit of so-called digital gold is now worth more than...

New Study Finds Millennials Spend 44 Percent of Food Dollars on Eating Out

Source: Alexandria Talty, forbes.com From the rise of fast-casual restaurants to the ease of delivery services, eating prepared food is a convenient proposition in 2016. And it seems that millennials are taking advantage of that, spending more of their food...

The Rise of Corporate Oligarchy

Source: The Economist The rise of the superstars A small group of giant companies—some old, some new—are once again dominating the global economy, says Adrian Wooldridge. Is that a good or a bad thing? ON AUGUST 31ST 1910 Theodore Roosevelt delivered a...

Wells Fargo Scandal Spreads to Prudential Insurance

Source: Matt Egan via CNNMoney.com It may not have been just fake bank and credit card accounts. Now there are allegations that Wells Fargo customers were sold Prudential insurance products they didn't want. Wells Fargo employees appear to have signed up...

As Chicago Staunches Fiscal Bleed, Schools Are Awash in Red Ink

Source: Elizabeth Campbell of Bloomberg.com Squeezed by pensions, district faces possible labor battle More than 10% of budget will go toward debt costs this year Chicago, the nation’s biggest junk-rated city, has raised taxes and moved to shore up its debt-ridden pension...

BREAKING NEWS

Trump To End CIA’s Arming Of Syrian Rebels

Source: Anonymous News Trump to end CIA’s arming of Syrian rebels The Rebels have shown time & again that they aren’t any better than Assad, and...